Safe Bulkers, Inc. (NYSE:SB) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP cut its holdings in shares of Safe Bulkers, Inc. (NYSE:SB - Free Report) by 29.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 555,000 shares of the shipping company's stock after selling 227,200 shares during the period. Two Sigma Advisers LP owned 0.52% of Safe Bulkers worth $1,981,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SB. SG Americas Securities LLC raised its stake in Safe Bulkers by 19.6% during the 4th quarter. SG Americas Securities LLC now owns 25,204 shares of the shipping company's stock valued at $90,000 after acquiring an additional 4,122 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Safe Bulkers by 23.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,293 shares of the shipping company's stock valued at $87,000 after purchasing an additional 4,680 shares during the period. ProShare Advisors LLC increased its holdings in shares of Safe Bulkers by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 17,008 shares of the shipping company's stock valued at $61,000 after purchasing an additional 5,596 shares during the period. Principal Financial Group Inc. raised its stake in shares of Safe Bulkers by 10.1% during the fourth quarter. Principal Financial Group Inc. now owns 70,987 shares of the shipping company's stock worth $253,000 after purchasing an additional 6,534 shares during the last quarter. Finally, Algert Global LLC lifted its holdings in shares of Safe Bulkers by 42.1% during the fourth quarter. Algert Global LLC now owns 25,403 shares of the shipping company's stock worth $91,000 after purchasing an additional 7,520 shares during the period. 21.69% of the stock is owned by institutional investors and hedge funds.

Safe Bulkers Stock Performance

NYSE:SB traded down $0.02 during mid-day trading on Monday, reaching $3.78. The stock had a trading volume of 458,057 shares, compared to its average volume of 595,769. Safe Bulkers, Inc. has a twelve month low of $3.02 and a twelve month high of $6.33. The business has a 50 day simple moving average of $3.50 and a 200 day simple moving average of $3.63. The firm has a market capitalization of $398.03 million, a price-to-earnings ratio of 4.55 and a beta of 1.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.91.

Safe Bulkers (NYSE:SB - Get Free Report) last issued its earnings results on Monday, May 19th. The shipping company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.02. The business had revenue of $64.35 million during the quarter, compared to the consensus estimate of $57.92 million. Safe Bulkers had a return on equity of 10.04% and a net margin of 31.65%. On average, analysts expect that Safe Bulkers, Inc. will post 0.62 earnings per share for the current fiscal year.

Safe Bulkers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend is Friday, June 6th. Safe Bulkers's payout ratio is 29.85%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a "buy" rating and issued a $5.00 price objective on shares of Safe Bulkers in a research note on Tuesday, May 20th.

Safe Bulkers Profile

Safe Bulkers, Inc, together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. The company has a fleet of 47 drybulk vessels having an aggregate carrying capacity of 4,719,600 deadweight tons.